Russian steelmaker NLMK has announced the launch of the third stage of its environmental program, covering the period up to 2020 (Environmental Program 2020). This program is part of the group's development strategy and investment program. It is aimed at further minimizing the company's environmental footprint and achieving the best possible environmental standards in global steel production.
Investment in environmental initiatives and projects at NLMK Group companies will total RUB 10.6 billion ($308.673 million). Most of the funds will be invested at NLMK's Lipetsk production site.